India starts tokenizing $620 billion corporate bond market with digital rupee settlement

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SEBI’s Demat 2.0 pilot turns corporate bonds into digital tokens and settles payment through the RBI’s wholesale digital rupee, with secondary trading and retail access expected in later phases.

source https://www.coindesk.com/markets/2026/09/11/india-starts-tokenizing-usd620-billion-corporate-bond-market-with-digital-rupee-settlement

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